Staked ADA rewards will be calculated at the end of each epoch. These rewards will then be converted to $Book and distributed.
$BOOK rewards will be calculated based on the BOOK:ADA value at each epoch boundary (when rewards are normally calculated by the Cardano protocol). The amount of ADA rewards you would have normally received during an epoch will be converted to $BOOK, plus an additional reward bonus.
Delegate early and get bonus rewards!
- Delegate before 3:44 pm Central Time on Saturday, Feb 24th (before Epoch 468/469 boundary) – Receive a 20% bonus in $BOOK Token for that epoch
- Delegate before 3:44 pm Central Time on Thursday, Feb 29th (before Epoch 469/470 boundary) – Receive a 20% bonus in $BOOK Token for that epoch
- Delegate before 3:44 pm Central Time on Tuesday, March 5th (before Epoch 470/471 boundary) – Receive a 15% Bonus $BOOK Token for the epoch
- Epoch 472 and onward – Receive an ongoing 10% Bonus in $BOOK token
Book.io has created a Rewards Claiming System in partnership with Sundae Labs for you to claim your $BOOK Rewards. The Rewards Portal will be live by March 25th, the start of Epoch 475.
https://rewards.book.io/
We also have some special surprises for delegators planned
Simple Math
$BOOK received = Reward Amount x Reward bonus
Nerd Math
book_owed_per_ada = ada_book_pair_at_epoch_boundary * reward_bonus
for delegator in delegators {
delegator_stake_percent = delegator.amount_staked / total_staked
delegator_ada_owed = pool_fees * delegator_stake_percent
delegator_book_owed = delegator_ada_owed * book_owed_per_ada
}